unfortunately the company has focused on blue sky Yemen when we could have taken more gulf acreage and drilled a few more wells and added to production. Currently there is a strong opportunity to add to hummer with other projects. Low risk plays like what PSA is known for makes perfect sense to prudently add to cashflow.
Hopefully we will get there soon, but if Yemen is approved we could be >1$. It’s become a costly exercise in patience for most holders but I do see an end to the wait as the civil war wraps up.
PSA Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held